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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 134,998 $ 128,438 $ 405,142 $ 387,149
Operating expenses        
Property operating expenses 37,833 36,847 115,052 110,947
Real estate taxes 12,433 11,235 37,272 34,062
Third party management expenses 2,612 2,619 9,605 7,391
Depreciation and amortization 43,900 42,429 130,908 132,584
General and administrative expenses 5,963 5,813 22,209 21,797
Provision for impairment 56,865 0 56,865 3,057
Total operating expenses 159,606 98,943 371,911 309,838
Operating income (loss) (24,608) 29,495 33,231 77,311
Other income (expense):        
Interest income 1,220 79 2,564 635
Interest expense (19,257) (19,732) (58,091) (61,473)
Interest expense - amortization of deferred financing costs (618) (577) (1,872) (1,807)
Equity in income (loss) of Real Estate Ventures 1 (5,723) (1,182) (5,387)
Net gain (loss) on disposition of real estate 0 0 (35) 8,411
Net gain on sale of undepreciated real estate 0 953 2,859 953
Net gain on Real Estate Venture transactions 0 13,758 37,263 28,340
Net income (loss) before income taxes (43,262) 18,253 14,737 46,983
Income tax (provision) benefit 0 793 (158) 1,032
Net income (loss) (43,262) 19,046 14,579 48,015
Net (income) loss attributable to noncontrolling interests 339 (170) (167) (384)
Net income (loss) attributable to Brandywine Realty Trust (42,923) 18,876 14,412 47,631
Distribution to preferred shareholders 0 0 0 (2,032)
Preferred share redemption charge 0 0 0 (3,181)
Nonforfeitable dividends allocated to unvested restricted shareholders (80) (73) (280) (245)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust $ (43,003) $ 18,803 $ 14,132 $ 42,173
Basic income (loss) per Common Share $ (0.24) $ 0.11 $ 0.08 $ 0.24
Diluted income (loss) per Common Share $ (0.24) $ 0.11 $ 0.08 $ 0.24
Basic weighted average shares outstanding 178,602,622 175,433,657 178,515,993 175,315,581
Diluted weighted average shares outstanding 178,602,622 176,835,022 179,752,544 176,599,332
Distributions declared per Common Share $ 0.18 $ 0.16 $ 0.54 $ 0.48
BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Total revenue $ 134,998 $ 128,438 $ 405,142 $ 387,149
Operating expenses        
Property operating expenses 37,833 36,847 115,052 110,947
Real estate taxes 12,433 11,235 37,272 34,062
Third party management expenses 2,612 2,619 9,605 7,391
Depreciation and amortization 43,900 42,429 130,908 132,584
General and administrative expenses 5,963 5,813 22,209 21,797
Provision for impairment 56,865 0 56,865 3,057
Total operating expenses 159,606 98,943 371,911 309,838
Operating income (loss) (24,608) 29,495 33,231 77,311
Other income (expense):        
Interest income 1,220 79 2,564 635
Interest expense (19,257) (19,732) (58,091) (61,473)
Interest expense - amortization of deferred financing costs (618) (577) (1,872) (1,807)
Equity in income (loss) of Real Estate Ventures 1 (5,723) (1,182) (5,387)
Net gain (loss) on disposition of real estate 0 0 (35) 8,411
Net gain on sale of undepreciated real estate 0 953 2,859 953
Net gain on Real Estate Venture transactions 0 13,758 37,263 28,340
Net income (loss) before income taxes (43,262) 18,253 14,737 46,983
Income tax (provision) benefit 0 793 (158) 1,032
Net income (loss) (43,262) 19,046 14,579 48,015
Net income attributable to non-controlling interests - consolidated real estate ventures (20) (12) (46) (25)
Net income (loss) attributable to Brandywine Realty Trust (43,282) 19,034 14,533 47,990
Distribution to preferred shareholders 0 0 0 (2,032)
Preferred share redemption charge 0 0 0 (3,181)
Nonforfeitable dividends allocated to unvested restricted shareholders (80) (73) (280) (245)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust $ (43,362) $ 18,961 $ 14,253 $ 42,532
Basic income (loss) per Common Share $ (0.24) $ 0.11 $ 0.08 $ 0.24
Diluted income (loss) per Common Share $ (0.24) $ 0.11 $ 0.08 $ 0.24
Basic weighted average shares outstanding 180,082,421 176,913,456 179,995,792 176,795,380
Diluted weighted average shares outstanding 180,082,421 178,314,821 181,232,343 178,079,131
Distributions declared per Common Share $ 0.18 $ 0.16 $ 0.54 $ 0.48
Rents [Member]        
Revenue        
Lease revenue $ 107,580 $ 102,557 $ 321,597 $ 307,446
Rents [Member] | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Lease revenue 107,580 102,557 321,597 307,446
Tenant Reimbursements [Member]        
Revenue        
Service and other revenue 20,557 17,239 59,094 53,812
Tenant Reimbursements [Member] | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue 20,557 17,239 59,094 53,812
Termination Fees [Member]        
Revenue        
Lease revenue 498 200 1,630 2,013
Termination Fees [Member] | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Lease revenue 498 200 1,630 2,013
Third Party Management Fees, Labor Reimbursement and Leasing [Member]        
Revenue        
Service and other revenue 4,944 6,918 17,531 20,483
Third Party Management Fees, Labor Reimbursement and Leasing [Member] | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue 4,944 6,918 17,531 20,483
Other [Member]        
Revenue        
Service and other revenue 1,419 1,524 5,290 3,395
Other [Member] | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue $ 1,419 $ 1,524 $ 5,290 $ 3,395